FTX's implosion seems reflective of a wider tech crack-up that we're also seeing play out with some usual suspects. Mark Zuckerberg, and Meta's plummet is another example. Then you've got Elizabeth Holmes and the Theranos fraud. If anything, all this shows how gullible some of these big money start-up donors are, and how one's network far outweighs their talent and competency. Then you've got mirage companies like WeWork, Paloton, and Nikola.

It's interesting how interest rates rising seemed to expose a lot of these fakes. But even still, a lot of people still got wealthy. All this does is demoralize average workers who slave away for pennies while these con artists fleece billions and get away with it. To say nothing of the fiat system built on nothing but debt and the dollar's (current) global dominance.